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Pattaya Center - Hotel & Restaurant For Sale

Pattaya, Chon Buri
Asking Price:
$185,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Hotel, Restaurant & Coffee-shop has been operating since 1998 and was renovated this summer (2017). Located right on the main hotels road and one block from the beach, this building is a large three-units shop house. Overlooking the 5-star hotel parks (Imperial & Hard Rock Hotels) the hotel has 14 large rooms (photo 1) set with 1 king-size bed and space for optional children beds. The restaurant has a shaded terrace (photo 2) and an indoor air-conditioned dining space (photo 3), altogether seating 50 people. A private parking can also take 20 cars (photo 4).

With excellent online comments on Booking and Agoda, the occupancy rate has reached 95% since the renovations. The business has still massive potential to become (for instance) a trendy boutique hotel next to Central Festival, a fashionable coffee shop with its large terrace, and a pleasant Mediterranean style restaurant at the doorstep of the international hotels. The owner is too busy with other activities in Bangkok and must sell this one-off opportunity to another spirited investor. It is very much a risk-less investment hence the seller is willing to provide some finance facility (partial financing) along an eventual ramp-up training. The total building rent is only 100,000 baht per month. The lease is already set for 3 years plus 4. There are 6 trained staffs for a monthly payroll of only 70,000 baht.

The sale includes the new hotel website and domain, the online booking tools with excellent customers ratings (along Google business, Facebook, TripAdvisor, etc.), the renovated restaurant and bar, the new hardware equipment and the stock, the trained staff and a training for the new owner, some finance, a good lease, and the Thai Company with a work permit... This is a turn-key business deal.

Property information

Real Estate:

Lease

Lease Terms:

lease terms will be detailed to interested buyer

Location:

Nearest junction is Central Pattaya Road .

Business Operation

Reasons for selling:

non-core business

Trading hours:

8:00 to 23:00

Employees:
6
Years established:
20

Other Information

Support & training:

few weeks training, and advising after that if needed

Owner financing:
Owner financing is available. Please contact the seller for more information.

Contact Information

    1. Your Address

    2. Optional
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